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STATE STREET BANK & TRUST CO. v. STRAWSER

Civ. A. No. 1:CV-95-98.

908 F.Supp. 249 (1995)

STATE STREET BANK & TRUST COMPANY, Plaintiff, v. Chester L. STRAWSER, Connie M. Strawser, Defendants.

United States District Court, M.D. Pennsylvania.

December 26, 1995.

Attorney(s) appearing for the Case

Cathleen C. Myers, Victor A. Young, Michael B. Dubin, Obermayer, Rebmann, Maxwell & Hippel, Philadelphia, PA, for plaintiff.

Kathy A. Morrow, New Bloomfield, PA, for defendants.

MEMORANDUM

CALDWELL, District Judge.

Pending is Plaintiff's motion for summary judgment. We exercise jurisdiction pursuant to 28 U.S.C. § 1332.

I. BACKGROUND

On December 19, 1986, the Defendants, Chester L. and Connie M. Strawser, executed an Adjustable Rate Note ("the Note") in favor of Homestead Savings Association ("Homestead"), in consideration of and as security for a loan in the amount of $350,000.00. Pursuant to...

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